USDJPY creates bullish correction from 14-month low RSI and MACD stand above their mid-levels USDJPY is holding above the 38.2% Fibonacci retracement level of the down leg from 161.94 to 136.56 at 148.10 but is Read more…
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The XAU/USD chart shows that yesterday, the price of gold fell below $2610, a level not seen since 20th September. Bearish sentiment has been driven by the continued strengthening of the US dollar. According to Read more…
Market picture The cryptocurrency market has stabilised around the $2.17 trillion level where it was a week and a day ago. The sentiment index has remained in the 49-50 (neutral) range for the fifth day, Read more…
ECB Governing Council member François Villeroy de Galhau indicated today that a rate cut is “very probable” at the upcoming meeting next week. Speaking on Franceinfo radio, Villeroy emphasized that this move “won’t be the Read more…
NZDUSD continues the bearish correction Technical oscillators are mixed NZDUSD plunged significantly after the RBNZ’s decision to cut interest rates by 50 bps. The pair remained closed to the 0.6100 round number and is holding Read more…
Short Term Elliott Wave View in GBPJPY suggests that cycle from 9.11.2024 low is currently in progress as a zigzag. Up from 9.11.2024 low, wave A ended at 195.97. Pullback in wave B also unfolded Read more…
Markets The post payrolls rise in US yields and by extension in yields on other core markets yesterday shifted into a lower gear. Uncertainty whether China (fiscal and monetary) stimulus would be able to kickstart Read more…
Chinese authorities think that the country could achieve its 5% growth target with the stimulus measures that have already been announced, but investors not much so. On the contrary, the investor community was expecting that Read more…
In focus today Tonight, FOMC will release the minutes from its September meeting. Markets will focus on any clues regarding the expected size of rate cuts aat the coming meetings. Economic and market news What Read more…